Increasing Focus on Electric Vehicles Across the Region Have Propelled the Growth of the automotive actuators market in APAC!

One driver fueling the growth of automotive actuators in Asia is the increasing focus on electric vehicles (EVs) and the associated infrastructure development. As countries in the Asia Pacific aim to reduce carbon emissions and promote sustainable transportation, there has been a significant push toward EV adoption. This shift has led to investments and product launches related to automotive actuators in the region. In 2021, the Chinese government announced an investment of $15.4 billion to build charging infrastructure for electric vehicles across the country. This investment aims to expand the EV market and support the growing demand for electric vehicles. As a result, automotive manufacturers in the region, such as BYD Auto and NIO, have been actively launching new electric vehicle models equipped with advanced electric actuators to cater to the increasing consumer demand. This instance showcases the significant investment in electric vehicle infrastructure and the subsequent growth in automotive actuators in the Asia Pacific region.

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Further, the APAC Automotive Actuators Market is expected to grow at a substantial CAGR of during the forecast period (2023-2030). APAC is anticipated to emerge as the fastest growth in the battery industry. Moreover, manufacturers in APAC are investing in research and development to produce innovative and technologically advanced products. These new products are designed to meet different industries’ specific requirements and improve efficiency, reliability, and safety.

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Based on application, the market is segmented into throttle actuators, seat adjustment actuators, brake actuators, and closure actuators. Among these, the throttle segment is expected to attain a high market share in 2022 and will dominate during the forecast period. The increasing use of electronic throttle control systems in modern vehicles drives the growing adoption of throttle actuators. Throttle actuators play a crucial role in regulating the airflow into the engine, resulting in improved fuel efficiency, responsiveness, and emissions control. For instance, in 2021, Ford Mustang introduced a Mach-E, an all-electric SUV. The Mustang Mach-E features an electronic throttle control system with a throttle actuator, providing precise control over the power delivery and enhancing the driving experience in an electric vehicle.

The market is segmented based on type into hydraulic, electric, and pneumatic. Among these, electricity is expected to hold a significant market share in 2022 and dominate during the forecast period. With the shift towards electric powertrains, various traditionally mechanically driven components now require electric actuators for precise control and operation. For instance, Volkswagen ID.4, an electric SUV, utilizes electric-type actuators for power steering, brake-by-wire systems, and electronic stability control. The use of electric actuators in the ID.4 highlights the industry’s commitment to electrification and the increasing demand for such actuators in the electric vehicle market.

Global Automotive Actuators Market Segmentation

Market Insight, by Application

• Throttle Actuator
• Seat Adjustment Actuator
• Brake Actuator
• Closure Actuator
• Others

Market Insight, by Type

• Hydraulic
• Electric
• Pneumatic

Market Insight, by Vehicle Type

• Passenger Car
• Commercial Vehicle

Market Insight, by Region

• North America
  • U.S.
  • Canada
  • Rest of North America
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Rest of Europe

• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Rest of APAC
• Rest of the World

Top Company Profiles

• BorgWarner Inc.
• Continental AG
• CTS Corporation
• DENSO Corporation
• HELLA GmbH & Co. KGaA
• Hitachi Ltd
• Johnson Electric Holdings Limited
• Mitsubishi Electric Corporation
• Robert Bosch GmbH
• Stoneridge Inc